Economics & Management Information

Debt Risk Analysis of Automotive Enterprises

Sovanhangmeas Chap, Junyan Liu — Fri, 27 Sep 2024 00:00:00 +0800

In order to maintain their financial stability, businesses must recognize and manage the financial risks that are necessarily involved in their operations and output. Businesses may better comprehend their financial status and undertake efficient risk early warning by examining financial indicators. Academic research on the detection and mitigation of financial risks is extensive, and in an effort to increase the accuracy of assessments, an increasing number of academics are using multi-indicator systems for thorough analysis. Furthermore, non-statistical techniques including hierarchical analysis, B-S option pricing models, and artificial neural networks have shown extremely effective at handling complicated data and non-linear connections. As the economy transitions from high to medium-high growth, traditional and new energy vehicles in the automobile sector confront significant possibilities and problems. Traditional automakers aggressively converting to new energy cars include SAIC Motor, BAIC Group, and GAC Group. Companies that produce new energy vehicles, such XPeng, BYD, Tesla, Li Auto, and NIO, are becoming more competitive by developing new technologies and tapping into new markets. To enhance market competitiveness and sustainability, businesses must address issues like excessive inventory and price volatility that have been brought about by the new energy vehicle market’s explosive expansion through efficient financial risk management. The short- and long-term debt repayment capacities of traditional and new energy vehicle (NEV) enterprises are the main subjects of this study’s analysis of their financial statements. According to the findings, traditional automakers have more stable financial circumstances whereas NEV enterprises exhibit stronger short-term solvency and lower long-term financial risk in specific years with superior liquidity and lower debt ratios. The study attempts to offer resources for the automobile industry’s deleveraging, sustainable development, and inventory reduction.

Modern Management Accounting Enables Enterprise Organization and Social and Economic Development

Jingtao Wu, Yuanyuan Luo — Wed, 25 Sep 2024 00:00:00 +0800

Modern management accounting provides a powerful tool for the expansion of financial accounting function, but also provides an important support for the development of enterprise organizations and social and economic development. This paper expounds how modern management accounting can better empower enterprise organization and social and economic development from three dimensions of historical research, realistic dilemma and future prospect.

Hurdles in the Adoption of Digital Technologies in the Agriculture sector of Bihar

Santosh Kumar, Md. Alamgir — Wed, 25 Sep 2024 00:00:00 +0800

Purpose: Since digitization has significant potential to benefit both farmers and consumers, there is currently a strong drive for its wider adoption in the agricultural sector. However, bringing technological advancements to rural areas presents a number of difficulties. Bihar's rural areas are going through a digital transformation. The primary impediments to the digitalization of the agriculture sector in Bihar are examined in this study. Research Design/ methodology: There are three sources for the information used in the analysis. One from literature reviews, the second from official government websites/reports, and the third as responses of farmers towards the constraints of using Digital technologies in the agriculture sector of Bihar. It also incorporates the researcher's personal observations and measurements of events. On the basis of information collected from the 210 respondent farmers, we highlighted the main constraints of digitalization that farmers are facing in the agriculture sector in Bihar. Findings: Digitalization in the agricultural sector decreases costs, boosts productivity and quality, increases prices, minimizes risks, and nurtures a more sustainable ecology. The finding of the study indicates that Hesitation in adopting digital technologies due to small and fragmented land, Lack of training and motivation to capitalize on agriculture, High cost, insufficient power supply, poor internet connection in a rural area, lack of skill and awareness, are main lack of subsidies are main hurdles in an adaptation of digitalization in the agriculture sector of Bihar. Suggestion: Effective Farmers' interest in Digitalization and financial support in terms of subsidy may aid them in startups also. A new level of development for the farm sector has been enabled by the combination of technology and financial support. The findings of the study will be helpful for policymakers to evaluate the scheme. Value/ Novelty: The study provides a fresh theoretical viewpoint on the digitalization of rural and agricultural growth, which has an impact on the entitlements of millions of farmers nationwide.

Artificial Intelligence Technology Development and Audit Innovation

Yang Han, Yiwei Deng, Xiujuan Ran — Wed, 25 Sep 2024 00:00:00 +0800

Artificial intelligence technology is an important element of stimulate economic vitality, but the artificial intelligence technology resources into the table may face the risk of confirmation and measurement standards to grasp, this poses the challenge to accounting, also challenge the audit, audit how innovation to cope with the development of artificial intelligence technology confirmation and measurement difficulties, practical and theoretical circles in some discussion. Based on the perspectives of audit objectives, audit importance, audit risk and audit procedure.

Research on the Rapid Development of China's Industrial Economy and Its Enlightenment to Vietnam

Le Hai Dang Nguyen, Junyan Liu — Thu, 19 Sep 2024 00:00:00 +0800

In recent years, facing profound adjustments in the global economy, China has clearly formulated and implemented strategies for the development of its industrial economy. These strategies include strengthening infrastructure, enhancing workforce quality, and expanding both domestic and international markets, effectively spurring rapid growth in the industrial sector. Despite significant achievements, China's industrial sector still faces challenges such as environmental pollution, limited innovative capacity in key technological areas, insufficient investment in basic research, and inadequate development of international markets. Drawing from China's experiences, it is suggested that Vietnam adopt similar strategies to modernize and internationalize its own industrial economy. This approach could accelerate Vietnam's industrial progress and boost its global competitiveness. However, Vietnam should adapt these strategies to its own unique context, emphasizing innovation-driven growth, high-value industries, and digital infrastructure development. By balancing state-driven industrial growth with private sector innovation, Vietnam can establish a resilient and competitive industrial base for long-term success.

Emotional Value in Experiential Marketing: Driving Factors for Sales Growth – A Quantitative Study from the Eastern Coastal Region

Chi Li, Yingda Tang — Mon, 02 Sep 2024 00:00:00 +0800

This quantitative research investigates the impact of perceived emotional value in luxury experiential marketing, particularly its influence on the likelihood of repeat purchases. Conducted quantitatively in Shanghai, a city in the Eastern coastal region of China, the research collected data from 206 customers who purchased luxury goods. The findings show a significant positive correlation between customers' perception of emotional value and the likelihood of repeat luxury purchases. Customer satisfaction plays a crucial mediating role in linking customers' perception of emotional value to the likelihood of repeat purchases, while gender does not moderate this relationship. These results underscore the importance of integrating diverse emotional value services into smart marketing strategies. By doing so, businesses can not only enhance customer satisfaction but also significantly improve overall luxury sales performance. This research emphasizes the strategic value of nurturing meaningful customer experiences, thereby strengthening market presence and competitiveness in the dynamic luxury business environment.